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Tech stars build $355 million investment "Invention Development Fund"

August 30, 2007 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

An all-star cast of local technology experts and lawyers has raised a hefty nest egg that’s worth $355 million and still growing.

Some details of the Invention Development Fund I were revealed in a document filed with securities regulators last week, but it is short on specifics.

The only description is brief, calling it an "intellectual property investment fund."

Nathan Myhrvold, Microsoft’s former chief technology officer, is a principal of the new fund.

By Tricia Duryee

Seattle Times technology reporter

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2003859801_vc30.html

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